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QUESTION DETAIL
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I own a business that places craft labor on construction jobs and pays the employees per diem. How is per diem handled for tax purposes? Is it reported on a W2 or 1099 or is it reported at all?
ANSWER
The BIDaWIZ Team's Answer:
The individuals are sub-contractors. Thus, if the amounts exceed $600, the
amount is reported on a Form 1099-Misc. Note that if any of the "subs" are incorporated,
no 1099 is required.
